SolarWorld Expands in China, Contracts 2.1 MW in Spain

[] SolarWorld of Germany has made deals in China and Spain for module production and sales. The company entered into a partnership with solar producer Suntech Power of China for the manufacture of solar power modules in the Chinese market. SolarWorld will provide input materials and technological know-how to Suntech Power. The license business will have a volume of EUR 100 million (US $127.6 million) in the next two years, and will supplement the group’s own module production at the locations in Freiberg and Sweden. The additional modules from China will serve to meet the national and international demand even more comprehensively. In Spain, SolarWorld was contracted to supply modules to a large-scale power station project, which is said to be the second largest European solar market. For the Instituto Tecnologico y de Energias Renovables (ITER) on the island of Tenerife, SolarWorld AG will supply modules with a total power output of initially 2.1 MW in the current year. The technology institute of the Canary Island is planning the installation of 150 solar power plants with a total of 15 MW on the island of Tenerife.
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